Located on the Eastern Shore along Route 316, Goldboro is approximately 16 kilometres west of the shire town of Guysborough.
Plans are to develop an 800 TPD open pit and underground operation producing around 41,000 ounces per year.
During the late-1990s, Goldboro was selected as the eastern terminus for the Maritimes & Northeast Pipeline which connects to the Sable Offshore Energy Project (SOEI) gas plant.
In 2012, Pieridae Energy announced it planned to develop a two train 10 million ton per annum LNG plant and associated facilities.
The pre-development work was complete and a final investment decision was expected by the end of 2018 or early 2019 with production by 2022,[3] but the company sold the empty site in 2024.